Automotive Wiring Harness Market Size , Share , Trends , Analysis and Forecasts To 2022
Global Automotive Wiring Harness market is accounted for $ 39.9 billion in 2015 and is expected to reach $ 73.4 billion by 2022 at a CAGR of 9.1 % during the forecast period . Increasing fuel costs , rise in demand for high-end electronics , growing demand for electric vehicles and stringent government regulations are the factors driving the market growth . Increasing technological developments are creating favourable growth opportunities in the near future . However , secure discarding of used wiring harness is restraining the market . The opportunity includes growing automotive safety norms in developing countries .
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Heating Ventilation and Air-Conditioning segment is expected to grow at the highest CAGR in terms of value . The passenger car segment dominated the global automotive wiring harness market in terms of revenue . The chassis & safety segment dominated the global automotive wiring harness market in terms of revenue and is likely to drop its market share to the HVAC segment , which is anticipated to increase at a significant growth during the forecast period . North American automotive wiring harness market is dominated by U . S ., which is known to be automotive hub of renowned OEMs . Asia Pacific is dominated by developing countries such as India and China where the automotive industry is rising at a faster pace .
The key players in the market include Coroplast , Gold Peak Industries , Delphi Packard Electric System , Kromberg & Schubert , Beijing Shiyuan ECS , Sumitomo Electric Industries , Hangzhou Yazaki , Fujikura Changchun , Leoni Electrical Systems Shanghai , Huizhou Sumitomo Wiring Systems , Changchun SE Bordnetze , Qingdao Kyungshin Electronic , Furukawa Electric , Yantai Yazaki , Kunshan Hu Guang Auto Harness and Shantou Yazaki .
Applications Covered : Speed sensors wiring har Body wiring harness o Door & Window o Seat o Roof o Interior o Facia Engine wiring harness Heating Ventilation and Air-Conditioning ( HVAC ) Chassis & Safety o Semi-forward Chassis o Conventional Chassis